US H-1B visa limit already reached; successful Indian techies to be picked by lottery
The fiscal year begins October 1, 2018. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China
The US Citizenship and Immigration Services (USCIS) said it has reached the Congressionally-mandated 65,000 H-1B visa cap for fiscal year 2019 and would conduct a lottery to decide successful applicants for the work visa popular among Indian IT professionals. The fiscal year begins October 1, 2018. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The USCIS has also received a sufficient number of H-1B petitions to meet the 20,000 visa cap for advanced degree exemption, known as the master's cap, a statement said. The statement did not mention the exact number of H-1B petitions it received since April 2, when it started accepting applications for the popular work visas for highly skilled Indian professionals. "We will not have exact petition receipt numbers for a few weeks. However, the USCIS will be conducting a lottery as we have done in past years," Arwen FitzGerald, the USCIS spokesperson, told PTI.
"The agency will reject and return filing fees for all unselected cap-subject petitions that are not prohibited multiple filings," the USCIS said. The agency said that it would continue to accept and process petitions that are otherwise exempt from the cap petitions filed for current H-1B workers who have been counted previously against the cap, and who still retain their cap number, will also not be counted toward the FY 2019 H-1B cap.
USCIS will continue to accept and process petitions filed to extend the amount of time a current H-1B worker may remain in the United States; change the terms of employment for current H-1B workers; allow current H-1B workers to change employers; and allow current H-1B workers to work concurrently in a second H-1B position.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
10:11 AM IST